Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.027%
Price spread now: tradeXYZ against BloFin−0.070%48s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.365% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.070%, 7d avg +0.004%
=Together, before fees+0.272%+ Points / potential airdroptradeXYZ: Active · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.074% cheaper against BloFin than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of +0.004%). If the spread goes back, that is −$7 on $10k: about 7.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.162% in total) that is about 3.2 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COPPER-USDT | 6.8110 | −0.0027 | get 0.0013% / 4h | 1h 24m | $88K | $139K | 100x |
| Short | tradeXYZ xyz:COPPER | 6.8062 | 0.0005 | get 0.0001% / 1h | 24m 26s | $10.6M | $5.0M | 20x |
BloFin COPPER-USDT
tradeXYZ xyz:COPPERFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.64
- Price spread: −0.070% → +0.004%
- −$7.4
- Slippage, 4 orders
- −$6.53
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$37.3
- Costs to cover
- 0.365%
- Break-even
- 46.3 days
Slippage from BloFin: live order book, 48 min ago; tradeXYZ: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 48 min ago | 1.47 bp | 7.5 bp −$7 | 7.9 bp −$79 | 36.4 bp −$3,643 | 111.8 bp −$55.9K |
| Sell tradeXYZ live order book, 4 min ago | 0.88 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
COPPER on 28 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin COPPER-USDTlong | −0.0027% | 4h | 6.8110 | long leg | $88K | $139K | 100x | |
| Aster XCUUSDT | 0.0000% | 4h | 6.8122 | +0.018% | $32K | $27K | 50x | as long as short |
| Binance COPPERUSDT | 0.0000% | 4h | 6.8105 | −0.008% | $9.1M | $33.9M | 100x | as long as short |
| OKX XCU-USDT-SWAP | 0.0000% | 8h | 6.8074 | −0.053% | $493K | $981K | 50x | as long as short |
| Gate XCU_USDT | 0.0000% | 8h | 6.7960 | −0.220% | $1.3M | $523K | 100x | as long as short |
| MEXC COPPER_USDT | 0.0000% | 4h | 6.8100 | −0.015% | $26.2M | $5.0M | 100x | as long as short |
| Bitget COPPERUSDT | 0.0000% | 4h | 6.8080 | −0.044% | $2.9M | $2.0M | 100x | as long as short |
| Variational Omni COPPER | 0.0000% | 4h | 6.8093 | −0.025% | $734K | $1.4M | — | as long as short |
| GRVT COPPER_USDT_Perp | 0.0000% | 4h | 6.8107 | −0.004% | $98K | $2.4M | 25x | as long as short |
| SunX COPPER-USDT | 0.0000% | 4h | 6.8100 | −0.015% | — | $6.4M | 20x | as long as short |
Aster XCUUSDT
Binance COPPERUSDT
OKX XCU-USDT-SWAP
Gate XCU_USDT
MEXC COPPER_USDT
Bitget COPPERUSDT
Variational Omni COPPER
GRVT COPPER_USDT_Perp
SunX COPPER-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX COPPER-USDT | 0.0000% | 4h | 6.8140 | +0.044% | $61K | $24K | 75x | as long as short |
| Phemex COPPERUSDT | 0.0000% | 4h | 6.8100 | −0.015% | $4.2M | $82K | 100x | as long as short |
| gTrade (Gains Network) HG/USD | L +0.0002% / S −0.0001% | 1h | 6.8058 | −0.076% | $177K | — | 250x | as long as short |
| QFEX COPPER-USD | +0.0003% | 1h | 6.8110 | 0.000% | $1.5M | $129K | 20x | as long as short |
| tradeXYZ xyz:COPPERshort | +0.0005% | 1h | 6.8062 | −0.070% | $10.6M | $5.0M | 20x | |
| edgeX COPPERUSDC | +0.0010% | 4h | 6.8091 | −0.027% | $94K | $317K | 20x | as long as short |
| Extended XCU-USD | +0.0032% | 1h | 6.8069 | −0.061% | $275K | $2.3M | 20x | as long as short |
| Vest HG-PERP | +0.0046% | 1h | 6.8069 | −0.060% | — | $82K | 25x | as long as short |
| Phoenix COPPER | +0.0047% | 1h | 6.8068 | −0.062% | $45K | $22K | 20x | as long as short |
| Paradex XCU-USD-PERP | +0.0050% | 8h | 6.8090 | −0.030% | $1K | $2K | 5x | as long as short |
| SoDEX COPPER-USD | +0.0050% | 1h | 6.8050 | −0.088% | $4K | $5K | 20x | as long as short |
| Ondo Perps COPPER-USD.P | +0.0050% | 1h | 6.8102 | −0.012% | $57K | $55K | 15x | as long as short |
| Lighter XCU | +0.0096% | 1h | 6.8212 | +0.150% | $477K | $42K | 20x | as long as short |
| Pacifica COPPER | +0.0100% | 1h | 6.8077 | −0.049% | $23K | $14K | 10x | as long as short |
| KuCoin COPPERUSDTM | +0.0100% | 4h | 6.8120 | +0.015% | $278K | $37K | 50x | as long as short |
| Orderly PERP_COPPER_USDC_mythos | +0.0100% | 8h | 6.8140 | +0.044% | $3K | — | 10x | as long as short |
| Aevo COPPER-PERP | +0.0104% | 1h | 6.8085 | −0.037% | $311 | — | 10x | as long as short |
| Kraken Futures PF_XCUUSD | +0.0108% | 1h | 6.8074 | −0.053% | $34K | $176K | 20x | as long as short |
HTX COPPER-USDT
Phemex COPPERUSDT
gTrade (Gains Network) HG/USD
QFEX COPPER-USD
edgeX COPPERUSDC
Extended XCU-USD
Vest HG-PERP
Phoenix COPPER
Paradex XCU-USD-PERP
SoDEX COPPER-USD
Ondo Perps COPPER-USD.P
Lighter XCU
Pacifica COPPER
KuCoin COPPERUSDTM
Orderly PERP_COPPER_USDC_mythos
Aevo COPPER-PERP
Kraken Futures PF_XCUUSD